Slide 1: ESG Presentation 2024
ESG Presentation 2024
Slide 2: Banca Generali in a nutshell
To be the No. 1 private bank, unique by value of service, innovation and sustainability To be the No. 1 Banca Generali in a nutshell private bank, unique by value of ESG framework service, innovation ESG strategy and commitment and sustainability
Slide 3: Banca Generali at a Glance
3 BANCA GENERALI AT A GLANCE 2023 Key financial data Banca Generali stands apart within the Italian finance sector for the role played in the financial advisory and wealth planning services €92.8 €326.1 Tot. Assets Net Profit bn m One of the fastest-growing asset gatherers in Europe1 and the 1 third
Slide 4: Our ESG Ambition
4 OUR ESG AMBITION Vision To be the No. 1 private bank, unique by Value of Service, Innovation and Sustainability Mission Trusted professionals always by the Customers’ side, developing and looking To be the ESG reference point after their life plans for all our Stakeholders Purpose To protect and i
Slide 5: Our ESG Journey and Main Achievements
5 OUR ESG JOURNEY AND MAIN ACHIEVEMENTS 2009 - 2012 2013 - 2016 2017 - 2018 2019 2020 2021 2022 2023 2024 First Oscar for Heightened 2019-2021 COVID response: Aligning New 2022-2024 Acquisition of a Adhesion to the sustainability financial Sustainability Business Plan 92% of employees corporate ESG
Slide 6: ESG framework
To be the No. 1 private bank, unique by value of service, innovation and sustainability To be the No. 1 Banca Generali in a nutshell private bank, unique ESG framework by value of service, innovation ESG strategy and commitment and sustainability
Slide 7: Our Sustainability Framework
7 OUR SUSTAINABILITY FRAMEWORK Framework Sustainability Strategy Clients & FAs Governance Shareholders & Authorities Disclosure Employees Materiality Community & Future Generations 7
Slide 8: Our Corporate Governance Organisational Structure
8 OUR CORPORATE GOVERNANCE Governance Disclosure Materiality ORGANISATIONAL STRUCTURE Corporate Governance Focus on Board of Directors Shareholders Meeting Agile structure: 9 members, of which 1 Independent Chairman Auditors executive (CEO only) Board of Statutory Board of Board of 66% independent B
Slide 9: Sustainability by Design: Responsibility for Sustainability Oversight
9 SUSTAINABILITY BY DESIGN Governance Disclosure Materiality RESPONSIBILITY FOR SUSTAINABILITY OVERSIGHT Oversight and Implementation of Sustainability Sustainable Governance milestones Hybrid organisational model1 General Counsel and Sustainability ESG initiatives delivered throughout various bank
Slide 10: Focus on Our Board of Directors: Composition and Skills
10 FOCUS ON OUR BOARD OF DIRECTORS Governance Disclosure Materiality COMPOSITION AND SKILLS Gian Maria Mossa Azzura Caltagirone Lorenzo Caprio Paolo Ciocca Chief Executive Officer and Independent, Non-executive Independent Director Non-executive Director General Manager Director Birth date : 08.11.1
Slide 11: Our Disclosure
11 OUR DISCLOSURE Governance Disclosure Materiality TRANSPARENCY TO REFLECT BANCA GENERALI’S COMMITMENT Key reports Key documents and policies ▪ Rules of the Board of Directors and the Board of Committees Corporate governance ▪ Internal Code of Conduct (introduction of a new principle about the ethi
Slide 12: Our ESG Ratings
OUR ESG RATINGS Governance Disclosure Materiality TRENDS & MAIN IMPROVEMENTS Key ratings Main take-aways • In 2023, Banca Generali received a rating of A (on a scale of AAA- In progress CCC) in the MSCI ESG Ratings assessment. MSCI Scores • The rating has steadily improved over the past 5 years On a
Slide 13: Our Materiality Analysis
13 OUR MATERIALITY ANALYSIS Governance Disclosure Materiality IDENTIFYING KEY MATERIAL ISSUES Materiality matrix Key take-aways The position of each material topic did not change significantly compared to the 2022 matrix. In particular, the key topics identified by the Banca Generali Universe are: r
Slide 14: ESG strategy and commitment
To be the No. 1 private bank, unique by value of service, innovation and sustainability To be the No. 1 Banca Generali in a nutshell private bank, unique ESG framework by value of ESG strategy and commitment service, innovation and sustainability
Slide 15: Banca Generali's 2022-24 Strategic Plan
15 BANCA GENERALI’S 2022-24 STRATEGIC PLAN KEY PILLARS AND TARGETS The 2022-24 Strategic Plan aims to take Banca Generali Growth to the next level, building on our vision: To be the no. 1 private bank, unique by Value of service, Innovation and Sustainability. Pillars Main targets Assets under Advis
Slide 16: Focus on Third Pillar: Sustainability
FOCUS ON THIRD PILLAR: SUSTAINABILITY BUILDING OUR SUSTAINABILITY PATHWAY ALONGSIDE WITH OUR MAIN STAKEHOLDERS 3 rd P i l l a r Sustainability Be the ESG reference point for all our Stakeholders Shareholders & Clients & FAs Authorities Enhance our ESG offering and Reinforce transparency on strengthe
Slide 17: Clients and FAs: Enhance Our ESG Offering
CLIENTS AND FAs Clients & FAs ENHANCE OUR ESG OFFERING AND STRENGTHEN ESG KNOW-HOW OF FAS Stakeholder Banca Generali’s main initiatives Targets ▪ ESG solutions increased to €19.7bn1 (equal to 43.1% of managed solutions) >40% ▪ 61% of clients2 who have already answered MiFID % ESG AUM on managed solu
Slide 18: Our Sustainable Offer
OUR SUSTAINABLE OFFER Clients & FAs STEADY GROWTH IN ESG ASSETS ESG AUM1 Our ESG offering Strong increase in ESG assets to €19.7bn reaching 43.1% 42 sub-funds art. 8 and art.9 with strong of managed solutions (+5.5 ppts YTD) 1 integration of ESG factors and/or specific thematic features 43.1% 37.6%
Slide 19: Our ESG Dedicated Platform
OUR ESG DEDICATED PLATFORM Clients & FAs A SUPPORT FOR FINANCIAL ADVISORS IN BUILDING UP ESG PORTFOLIOS ESG platform Distinctive features BG Personal Portfolio (BGPP) Bespoke selection of is our ESG dedicated platform ESG funds based on allowing for a unique investment ESG performance choice aligned
Slide 20: Our FA Network
OUR FA NETWORK Clients & FAs KEY FEATURES AND TRAINING Top ranking FA network… …powered by high-quality training Managerial & relationship training aimed at developing the skills and behaviour that set 2,260 financial advisors our distribution network apart from the rest of the market +2.5% since 20
Slide 21: BG Sustainable Advisor
BG SUSTAINABLE ADVISOR Clients & FAs A NEW PROFESSIONAL IDENTITY Requirements Key features2 EFPA ESG Advisor Avg. age 48 years A new Certification professional figure… 43% female Use of BG’s ESG platforms 57% male High experience in AUM from €5m to more advising ESG products1 than €100m …With a TRAI
Slide 22: Shareholders & Authorities: Reinforce Transparency on ESG Strategies
SHAREHOLDERS & AUTHORITIES Shareholders REINFORCE TRANSPARENCY ON BG ESG STRATEGIES & Authorities Stakeholder Banca Generali’s main initiatives Targets ▪ Signatory of PRI Increase ESG disclosure through reporting framework ▪ ESG factors incorporated into risk management framework Becoming a signator
Slide 23: Membership to the UN PRI
MEMBERSHIP TO THE UN PRI Shareholders OUR COMMITMENT TOWARDS RESPONSIBLE INVESTMENTS & Authorities Our adherence to the UN PRI… …based on solid foundations In December 2022 Banca Generali became a Adopting a Responsible Investment Policy, outlining in detail the signatory of the UN PRI as: 1 Group’s
Slide 24: Responsible Investments: Our Sustainable Approach
RESPONSIBLE INVESTMENTS Shareholders OUR SUSTAINABLE APPROACH & Authorities With the aim of reinforcing its responsible and sustainable investment practices, in 2024 Banca Generali integrated the responsible investments framework by adopting a Group Guideline1 that integrates the consideration of ES
Slide 25: ESG Risk Governance: Focus on Climate Risk
ESG RISK GOVERNANCE Shareholders FOCUS ON CLIMATE RISK & Authorities Banca Generali has incorporated ESG risk management factors into its market, operational, reputational, strategic and credit Risk Policies with the approval of the Board of Director and has integrated its Risk Appetite Framework wi
Slide 26: Employees: Creating Value for Our People
EMPLOYEES Employees CREATING VALUE FOR OUR PEOPLE Stakeholder Banca Generali’s main initiatives Targets ▪ New People Strategy based on four pillars: 50% o Culture New hires under 35 o Diversity, Equity & Inclusion o Skills o Organization 70% ▪ Focus on DE&I: valuing diversity by ensuring Employees i
Slide 27: Our People: Key Features and Training
OUR PEOPLE Employees KEY FEATURES AND TRAINING The growth of our people… …Fostered by investments in technical and digital skills ESG awareness programme 2022/23 1,065 people +4.2% vs. 2022 ▪ ESG training for all employees through “Banca Generali and Sustainability” course ▪ ESG upskilling for speci
Slide 28: Focus on Diversity, Equity and Inclusion
FOCUS ON DIVERSITY, EQUITY AND INCLUSION Employees AT THE CORE OF THE NEW PEOPLE STRATEGY Diversity Equity Inclusion Our 2023 initiatives focused on gender and Our ongoing commitment to mitigate Spreading an inclusive culture is a key young generations (under 35). the pay gap is reflected in an inte
Slide 29: Remuneration Policy
REMUNERATION POLICY Employees REMUNERATION ALIGNED WITH SUSTAINABILITY STRATEGY Short-Term Incentive Long-term Incentive People Value Sustainability Commitment LTI1 Upskilling training initiatives Sustainable products; increasing AUM of ESG solutions 100% Banca Generali Group Sustainable processes;
Slide 30: Community & Future Generations: Climate Protection and Social Initiatives
COMMUNITY & FUTURE GENERATIONS Community & CLIMATE PROTECTION AND SOCIAL INITIATIVES Future Generations Stakeholder Banca Generali’s main initiatives Targets By 2025 Reduction of carbon footprint by ▪ Commitment to direct our decisions to ensure 25% vs 2019 in relation to investments consistency bet
Slide 31: Reducing Our Business-Related Impact
OUR COMMITMENT TOWARDS A SUSTAINABLE FUTURE Community & REDUCING OUR BUSINESS-RELATED IMPACT Future Generations Carbon footprint of Group investment processes In line with the principles of environmental transition, the carbon footprint assessment has become an integral part of our investment proces
Slide 32: Reducing Our Operational Impact
OUR COMMITMENT TOWARDS A SUSTAINABLE FUTURE Community & REDUCING OUR OPERATIONAL IMPACT Future Generations Main areas of interventions Reduction of GHG emissions We regularly measure and report on the greenhouse gas emissions caused by our operations to assess the efficacy of Workplaces our climate-
Slide 33: Community Involvement
COMMUNITY INVOLVEMENT Community & HAVING A POSITIVE IMPACT ON OUR COMMUNITIES Future Generations Raising awareness on the 17 SDGs of the UN 2030 BG4SDGs Agenda through a three-year research project launched in Time to Change September 2021 in collaboration with the photographer Stefano Guindani Invo
Slide 34: Focus on BG4SDGs - Time to Change
FOCUS ON BG4SDGS – TIME TO CHANGE Community & SUSTAINABILITY AWARENESS Future Generations Two years after its launch (September 2021), Banca Generali aims to continue the project by engaging, informing and raising public awareness on the Agenda’s 2030 goals through major social initiatives Photograp
Slide 35: Awards & Memberships
AWARDS & MEMBERSHIPS RECOGNIZED AS A RESPONSIBLE PLAYER IN THE ITALIAN WM SPACE Wealth Management & Financial Advisor Network ESG Best Private Bank in Best Sustainable Wealth Protection Private Bank in Italy (2022) Best Private Bank (2022) Best Green Asset for Digital Wealth Banking Awards 2022 - Ma
Slide 36: Staying in Touch: ESG Contacts
STAYING IN TOUCH ESG CONTACTS Banca Generali S.p.A. Piazza Tre Torri, 1 20145 Milano, Italy bancagenerali.com Giuliana Pagliari Carmelo Reale Elena Leonardi Head of Investor Relations General Counsel & Group Sustainability Head of Banking Group Sustainability giuliana.pagliari@bancagenerali.it carme
Slide 37: Legal Disclaimer
LEGAL DISCLAIMER BANCA GENERALI ESG PRESENTATION This document, created by Banca Generali S.p.A. for institutional purposes only, shall under no circumstances constitute an offer of investment services or a recommendation or solicitation to invest or research material. It contains certain statements